UN climate talks in Madrid fall short over how to regulate carbon emissions; room for...

UN climate talks in Madrid fall short over how to regulate carbon emissions; room for further talks next year

This year's UN climate talks wrapped up in Madrid on Sunday with little progress on fighting climate change.
Major emitters of greenhouse gases, including the United States, blocked any measures that would have encouraged countries to adopt more ambitious targets for greenhouse gas reduction.
Yoon Jung-min tells us more.
Despite being extended by two extra days,... this year's COP25 ended without any concrete results in the Spanish capital due to differing views on how countries should regulate carbon emissions.
The Madrid talks were aimed at cutting greenhouse gas emissions more rapidly to reinforce the 2015 Paris Climate agreement.
But the conference in its concluding draft only endorsed the "urgent need" to close the gap between emissions pledges and the temperature goals of the Paris agreement.
"Evidently, it's sad that we were not able to reach a final agreement, we were so close, but I thank you for all the efforts and long hours to try to achieve it."
Countries including the U.S., Australia and Brazil couldn't narrow their differences on regulating emissions.
The negotiations fell apart due mostly to disputes over the rules for international carbon trading,... which were favored by wealthier countries but rejected by some others.
Also, smaller nations had hoped for financial aid to help them cut their carbon emissions.
As the talks wrapped up without a particularly fruitful outcome, the plans to reduce carbon emissions will be discussed again next year at COP26 in Glasgow.
"And apparently we still have to do a lot of talking and negotiations and we're leaving here today with the hope that at Glasgow we will be able to achieve some of the compromises that countries need so badly."
South Korea's environment minister was also in Madrid to promote the P4G Summit which will be held in South Korea next year.
The summit will bring together world leaders, experts and regular citizens to discuss green growth.
Yoon Jung-min, Arirang News.

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